US House Passes Bill to Reauthorize Terrorism Risk Insurance Program

The US House of Representatives has passed H.R. 7128, the TRIA Program Reauthorization Act of 2026. The measure passed the House June 29 by a vote of 373–15.

According to a statement from the House Committee on Financial Services, the bipartisan bill reauthorizes the federal Terrorism Risk Insurance Program, ensuring continued stability in the insurance marketplace, protecting American businesses, and providing certainty for insurers against acts of terrorism.

"The purpose of TRIA is spelled out in the original law," French Hill (R-Arkansas), chairman of the Financial Services Committee, said in the statement. "The law states that TRIA is designed to provide for a transparent system of shared public and private compensation for insured losses resulting from acts of terrorism in order to protect consumers. That's the goal here: to give policyholders access to the financial protection they need and the confidence they need to build skyscrapers, sports venues, and malls, and employ workers that drive our economy."

The legislation would reauthorize the Terrorism Risk Insurance Act (TRIA)—which was first established by Congress after the September 11, 2001, terrorist attacks—through 2034.

In a statement prior to the TRIA reauthorization bill's passage, the American Property Casualty Insurance Association (APCIA) praised the House's consideration of the measure and urged the House to work with the US Senate to complete work on a TRIA reauthorization measure that could reach the president's desk for his signature before the end of this year.

A companion bill to the House bill, S. 4395, was introduced in the US Senate in April.